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This tutorial discusses an exceptional risk assessment template ideal for individuals working in risk management, project management, or any business requiring risk measurement. It details the components of the risk assessment, including risk descriptions, causes, consequences, and risk ownership. A key aspect covered is the calculation of risk ratings by multiplying probability and impact. The template automates this process, allowing users to simply select values from a dropdown menu for probability. The tutorial emphasizes the importance of effectively managing risks using this comprehensive tool, which the presenter uses daily in their workflow.